Reputable Stove Retailer and Fitter in West Sussex

Hornsham, West Sussex
REF: R07552

Asking Price:
£245,000
Annual Turnover:
£1,289,048
Annual Net Profit:
£102,039
Featured
REF: R07552

Overview

Tenure:
Leasehold
Established:
2007
  • Loyal customer base
  • Spacious premises
  • Equipment included
  • Shares sale
  • Huge growth opportunity

The business for sale is a reputable stove retailer and fitting company based in West Sussex.

Established for over 30 years, the business has quickly built up a spectacular reputation amongst customers both in the immediate area and further afield. Managing each step of the stove fitting process, from retailing to installation, the business holds a firm focus on exceptional customer service, tailoring its service to suit the needs and preferences of each individual client.

With a premises comprising two industrial units, (the main having undergone extensive refurbishments creating split level modern showrooms of wood, gas and electric models), as well as a loyal customer base and great word of mouth reputation, the business is now available for a shares sale.

The business runs from two units on a small industrial estate, both recently refurbished and containing two stunning showrooms. The first unit houses the main showroom, the ground floor boasting a huge stove showroom and reception area. To the rear is a storage room which leads to a fenced loading bay/ exterior storage area. The first floor, which hosts a secondary showroom, staff office and huge internal storage area. There are 3 years remaining on the 5 year renewable lease, costing £4,104 per quarter including VAT.

The second premises holds a smaller showroom used for storage and the sale of ex-display items, the rent for which is £590 per month which includes electric. The owner’s other business rents the other premises, meaning the business currently doesn’t pay rates.

Both showrooms in the main unit boast live display models, marble and wooden floors and a marble reception area. All shelving And loading equipment is included in the sale, as well as the businesses 3 domain names

The business would be well-suited to someone currently in the stove/fire retailing or installation industry, solar or gas industry looking to expand, or perhaps someone looking to take on a lucrative venture.

Sales are primarily linked to the public, however the business is currently working with large developers, builders and architects, which provides a new owner with the opportunity to explore wholesale trade avenues. Perhaps widening its current offering of products to include other fireplaces would be a great way to attract a new wave of customers.

The existing owner is already in semi-retirement and commutes from Cornwall every other week, however he is willing to discuss a transitional period upon sale in order to hand the business over smoothly.

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  • On-site car parking
  • Village location
  • No local competition
  • Close to local businesses
  • On small industrial estate
Rent
£16,436
Rates
£0
Lease Term
5
Lease Expiry
2-3 REMAINING
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
TBC

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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